RUSSIA SEIZES SHARES OF BASHNEFT OIL BOSS YEVTUSHENKOV (STA BREAKING NEWS and ARCHIVES)

by STANews , Friday, September 26, 2014, 12:16

Bashneft HQ in Moscow - it is one of Russia's biggest oil firms

A Russian court has seized shares in a major oil company, Bashneft, whose billionaire owner Vladimir Yevtushenkov is under house arrest.

Prosecutors had requested the seizure as part of an investigation into alleged money-laundering at Bashneft.

Mr Yevtushenkov's company Sistema has controlling stakes in Bashneft and Russia's biggest mobile operator MTS. Sistema has denied any wrongdoing.

The case has been compared to the state's takeover of oil giant Yukos.

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http://www.bbc.com/news/world-europe-29375590